Working to prove their value to customers, insurers are harnessing technology to improve service, pricing and relationships
Life insurance markets are characterised by significant country-by-country variation. Companies are grappling with regulation and the continued but shifting need for effective intermediary distribution.
In P&C insurance engagement models vary with intermediation still vital in commercial, and direct purchase more prevalent in personal lines. Technology is reshaping everything from telematics to geomatics and implicit and predictive pricing through AI. This is driving further disruption, including the potential for risk capabilities to be delivered outside insurance.
NMG Consulting works with P&C and life insurers to help them differentiate through innovation whilst skillfully managing regulatory change and intermediary relationships.
To access NMG’s deep pool of insurance expertise contact one of our key consultants below.
The underlying competitive advantages enjoyed by banks, coupled with changing regulatory settings could combine to enable the previously unthinkable, the (sensible) return of Australian banks to retail advice.
The effects of climate change are increasingly evident. Who better than re/insurers – blessed with the advantages of data, expertise, and balance sheets – to play an outsized role in driving broad-based adaptation to changing global climate, as well as the transition to net zero?
Industry:
Mark heads up NMG Consulting, and is a co-founder of the NMG Group. Across a global scope, he helps NMG’s insurance and reinsurance clients with business strategy, performance benchmarking, and distribution strategies.
Industry:
Jane has responsibility for the delivery of NMG’s global reinsurance studies and life insurance analytics in Australia. She works with insurers and reinsurers on strategy consulting assignments across Australia, Asia, Europe and…
Industry:
Steve leads NMG’s UK & EMEA practice based in London. He has deep consulting experience in life insurance and reinsurance, with clients across a broad spectrum including private equity. Steve’s unique expertise…
